Millat

Millat Tractors Limited (MTL) was established in 1964 to import and market Massey FergusonTractors in Sheikhupura, Pakistan. An assembly plant was set up in 1967 to assemble tractors in semi-knocked down (SKD) condition.

The company was nationalized in 1972 and started assembling and marketing tractors on behalf of the Pakistan Tractor Corporation (PTC) which was formed by the Government for import of tractors in SKD condition. In 1980, the Government decided on indigenization of the tractors and entrusted this task to Pakistan Tractor Corporation.

Pakistan Tractor Corporation transferred this role of indigenization in 1981 to Millat Tractors Limited. In just one year, the company took a giant step towards self-suffiency by setting up the first engine assembly plant in Pakistan.

In 1992, the company was privatized, and Millat Tractors plant started its inhouse production. The establishment of this modern plant not only increased production capacity to 16,000 tractors per year on a single-shift basis, but also provided a quantum jump to the quality of the assembled tractors and pushed Millat Tractors Limited into the ranks of the major tractor manufacturing companies of the World.[citation (source) needed]

In the 2007-2008 financial year, production shot up to 27,260 tractors, the highest sales of tractors ever in Pakistan for any company at the time.[1]